As Tropical Storm Hilary now substantially weakens this week, real estate data provider CoreLogic estimates that approximately 1,553,803 residential homes in the western U.S. were at an elevated risk of inland riverine flooding over the last few days. This includes both single- and multifamily residential properties.
According to the California Association of Realtors, a surge in mortgage interest rates suppressed California home sales in April 2023, while the statewide median home price climbed above the $800,000 level for the first time in six months.
According to the California Association of Realtors, California's March 2023 home sales pace was down 1.0 percent on a monthly basis from 284,010 in February 2023, but down 34.2 percent from a year ago, when a revised 427,040 homes were sold on an annualized basis.
According to the California Association of Realtors, California home sales slightly edged up in January 2023 for the second straight month, but down 45.7 percent annually from January 2022.
According to the California Association of Realtors, housing demand in California continued to fall sharply as rising interest rates further dampened the state's housing market in November 2022. California's home sales registered the lowest annualized pace since October 2007 and the largest year-over-year sales drop in at least the past four decades.
Posted on December 19, 2022
Posted on August 15, 2022